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Dec 27, 2012
12/12
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the only people who can avert the fiscal cliff, members of the house and senate, have not returned. and in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average worker's paycheck in 2013 by about $1,500. long-term unemployment benefits for about 2 million jobless americans are also set to expire, and $110 billion worth of spending cuts to domestic and defense programs will kick in, forcing layoffs in the public and private sector. if congress doesn't act, all the cuts and new taxes will squish the economy back into a mild recession by mid-2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1st because the irs and other agencies didn't expect it to come to this. it could be a few weeks before workers see more money being withheld in their paychecks. >>> george h. w. bush is in intensive care. a fever that kept him in the hospital over christmas has gotten worse. a bush family spokesperson says the 88-year-old was alert and joking with doctors but has yet to respond to fever re-reduce reducing
the only people who can avert the fiscal cliff, members of the house and senate, have not returned. and in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average worker's paycheck in 2013 by about $1,500. long-term unemployment benefits for about 2 million jobless americans are also set to expire, and $110 billion worth of spending cuts to domestic and defense programs will kick in, forcing layoffs in the public and private sector. if congress...
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Dec 29, 2012
12/12
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fiscal cliff talks at the white house end with nal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> port: thpresident dec
fiscal cliff talks at the white house end with nal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly...
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Dec 29, 2012
12/12
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WJZ
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fiscal cliff talks at the white house end with no deal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> reporter: the pr
fiscal cliff talks at the white house end with no deal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly...
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Dec 27, 2012
12/12
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the house has already passed legislation to avoid the entire fiscal cliff. senate democrats have not. speaker boehner is in his home state of ohio today. the house gop leadershipship put out a statement yesterday saying the house has passed legislation extending existing tax cuts and putting -- delaying putting off some spending cuts and replacing them with other spending cuts, and they're urging the senate to do the same. jon? jon: molly henneberg there at the white house where we are getting down to the wire. thank you. for more on the efforts to keep the economy from heading over the cliff and the likelihood of reaching some kind of a deal in time, let's talk with susan -- [inaudible] chief congressional correspondent for the washington examiner. what are the chances here, susan? >> hi, jon. i think at this point we're just simply running out of time. we have only got a few days left. they're so far apart on what an agreement would look like. even if they weren't going to put together a comprehensive deal which everybody agrees there's simply not enough t
the house has already passed legislation to avoid the entire fiscal cliff. senate democrats have not. speaker boehner is in his home state of ohio today. the house gop leadershipship put out a statement yesterday saying the house has passed legislation extending existing tax cuts and putting -- delaying putting off some spending cuts and replacing them with other spending cuts, and they're urging the senate to do the same. jon? jon: molly henneberg there at the white house where we are getting...
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Dec 27, 2012
12/12
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FBC
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the house have already passed legislation to avoid the fiscal cliff. democrats have not. house republicans passed a bill a few months ago, in the manner they wanted extending the current tax rates. democrats a few months ago passed their preferred option letting taxes increase for families earning more than $250,000 a year so both sides are now on their opening position. even if lawmakers, congressional leaders work out a deal at the top level will take days probably for anything to get through the house and senate. tracy: just to be cleared john boehner said he would give him 48 hours notice will for they had to come back. if he calls them today they don't have to be back for 48 hours. >> right. they have a conference call, republican conference in 30 minutes to discuss their next move. they announced they are coming back, the earliest they would be back in session would be saturday but even if lawmakers are you there is no deal yet, the upper echelons of congressional leadership that would have them vote on anything so we are waiting for congressional leaders to work so
the house have already passed legislation to avoid the fiscal cliff. democrats have not. house republicans passed a bill a few months ago, in the manner they wanted extending the current tax rates. democrats a few months ago passed their preferred option letting taxes increase for families earning more than $250,000 a year so both sides are now on their opening position. even if lawmakers, congressional leaders work out a deal at the top level will take days probably for anything to get through...
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Jan 1, 2013
01/13
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WJLA
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e house and the object have reached an agreement on the fiscal cliff. deal just yet.e the senate majority leader harry be ais saying there will tonight in the senate. the deal only raises taxes of over $450,000 a year. continue to update you wjla.com. just ahead, steve is back with a final look at your forecast. >> bundle up for tonight. it is not going to be a big deal tomorrow. of feargets out relatively quickly. colder air wednesday, thursday, and friday. next weekend is backed into the 40's. not so bad. thinking of going to old town alexandria? no problems. >> this one has to grab a sweater. >> that is it for us tonight. joining usor tonight. we leave you with a live picture of what is happening in new in times square. happy new year. ♪ happy new year. ♪ oh! progress-oh! -oh! -oh! oh! oh! ♪ what do y k know? oh! ♪ bacon? -oh! -oh! oh! delicious progresso soups [ female announcer ] with 40 at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your story for a chance to n a progress-oh! makeover in hollywo
e house and the object have reached an agreement on the fiscal cliff. deal just yet.e the senate majority leader harry be ais saying there will tonight in the senate. the deal only raises taxes of over $450,000 a year. continue to update you wjla.com. just ahead, steve is back with a final look at your forecast. >> bundle up for tonight. it is not going to be a big deal tomorrow. of feargets out relatively quickly. colder air wednesday, thursday, and friday. next weekend is backed into...
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Dec 27, 2012
12/12
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but the only people who can avert the fiscal cliff, members of the house and senate, have not returned. in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average person's paycheck in 2013 by about $1500. long-term unemployment benefits for about two million jobless americans are also set to expire. and 110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid 2013. the impact of some of these new cuts and taxes wouldn't be felt immediately on january 1. that's because the irs and other agencies didn't expect it to come to this. so it could be a few weeks before workers see more money being withheld in their paychecks. cbs news in hawaii. >>> former president george h.w. bush is in intensive care at a hospital in houston. a fever that kept mr. bush in the hospital over christmas h
but the only people who can avert the fiscal cliff, members of the house and senate, have not returned. in just six days, a 2% payroll tax is set to expire, along with the bush-era tax cuts, shrinking the average person's paycheck in 2013 by about $1500. long-term unemployment benefits for about two million jobless americans are also set to expire. and 110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for...
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Dec 27, 2012
12/12
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. >> major retailers are reversing policy sales because of uncertainty over the fiscal cliff. president obama has cut short his vacation to help reduce the national debt. budget cuts and tax rises will start on january 1. the white house has called on republicans not to block a resolution in congress. severe weather has caused hundreds of holiday flight delays with its sweeping storm system moving east after tornadoes struck for states on christmas day. at least six people have died. >> dallas, texas, where snow is a rarity came as a christmas surprise. it turned white and the motorists struggled with slippery roads. 21 cars and fractured trailers, and eastern ohio, kentucky, and indiana. along with wind gusts of 50 kilometers an hour. the unusual winter phenomenon hit for seven states, 34 tornadoes. this one touchdown in mobile, alabama. it overturned cars and blew out windows. >> it is like this crazy wind, just the whole building is shaking. >> a caused no fatalities, but a thunderstorm fell this tree, killing a driver of this truck. and if no border was buried by an avalan
. >> major retailers are reversing policy sales because of uncertainty over the fiscal cliff. president obama has cut short his vacation to help reduce the national debt. budget cuts and tax rises will start on january 1. the white house has called on republicans not to block a resolution in congress. severe weather has caused hundreds of holiday flight delays with its sweeping storm system moving east after tornadoes struck for states on christmas day. at least six people have died....
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Dec 27, 2012
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cliff. the president is cutting his vacation short to return to the white house and try to hammer out a deal. but what will actually happen if we do go over the cliff? doug luzader is live for us with the details. >> it is not going to be pretty. on board air force one heading back to washington from a hawaii after cutting christmas short. can a cup of coffee help as far as christmas is concerned. starbucks is hoping. if you go into a starbucks you will get a message written on your coffee that says come together. this is a company trying to tell the president and lawmakers here they need to come up with some kind of agreement before they go over the fiscal cliff at the end of the year. the senate will be meeting today. this is the first time we have seen legislative business conducted in the weeks between christmas and new years since 1970. the house come back as well but nothing yet. the other thing to consider here the two key players in all of this president obama and republican house sp
cliff. the president is cutting his vacation short to return to the white house and try to hammer out a deal. but what will actually happen if we do go over the cliff? doug luzader is live for us with the details. >> it is not going to be pretty. on board air force one heading back to washington from a hawaii after cutting christmas short. can a cup of coffee help as far as christmas is concerned. starbucks is hoping. if you go into a starbucks you will get a message written on your...
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Dec 27, 2012
12/12
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senators will be busy working on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come together" on coffee cups to encourage compromise. >>> hawaii's democratic governor will replace daniel inoue to represent the state of hawaii in washington, d.c. inouye died of respiratory complications last week. on the day he died, the late senator wrote to the governor asking for representative colleen hanabusa to replay him. she made it to the final round of considerations but didn't win that nomination. >>> former president george h.w. bush is in intensive care at a houston hospital with a fever and lingering cough. mr. bush was admitted to the hospital more than a month ago with bronchiti
senators will be busy working on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come...
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Dec 27, 2012
12/12
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but the only people who can avert the fiscal cliff, members of the house and senate, have not returned, and, in just six days, a 2% payroll tax is set to expire, along with the bush era tax cuts, shrinking the average workers' paycheck in 2013 by about $1,500. long-term unemployment benefits for about two million jobless americans are also set to expire, and $110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and for some private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid-2013. the impact of some of these cuts and taxes would not be felt immediately on january 1. that's because the i.r.s. and other agencies didn't expect it to come to this, and so it will take a few weeks for workers to see more money being withheld in their paychecks, jim. >> axelrod: nancy cordes with the president in hawaii. thank you. there is new evidence that the housing market is coming back. a report out today
but the only people who can avert the fiscal cliff, members of the house and senate, have not returned, and, in just six days, a 2% payroll tax is set to expire, along with the bush era tax cuts, shrinking the average workers' paycheck in 2013 by about $1,500. long-term unemployment benefits for about two million jobless americans are also set to expire, and $110 billion worth of spending cuts to both domestic and defense programs will start to kick in, forcing layoffs in the public sector and...
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Dec 27, 2012
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house republicans tossed the fiscal cliff problem to the senate today. saying once the senate has a plan congress can go forward. john fowler investigated some of the latest moves and joins us live with what could happen a week from today. john? >> reporter: do mog, we get deep spending cuts and across- the-board tax hikes. con shull staffers told me -- congressional staffers told me today, expect a bumpy ride of the halls of power empty, although negotiateders and the president are back at work. >> at the very least let's agree right now on what we already agree on. >> reporter: an olive branch to the gop and carrot to corporate giants, including the bay area's google and apple. the administration now suggesting cutting corporate tax rates. the u.s. has among the world's highest. but closing loop holes that helped google, for instance, avoid $2 billion in taxes last year. >> corporations are concerned because they're not sure the extent to which exemptions would be eliminated. >> reporter: wells capital management senior economist gary slosberg is optim
house republicans tossed the fiscal cliff problem to the senate today. saying once the senate has a plan congress can go forward. john fowler investigated some of the latest moves and joins us live with what could happen a week from today. john? >> reporter: do mog, we get deep spending cuts and across- the-board tax hikes. con shull staffers told me -- congressional staffers told me today, expect a bumpy ride of the halls of power empty, although negotiateders and the president are back...
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Dec 29, 2012
12/12
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he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of additional compromise there, it seems unlikely that we're going to get something done before the end of the year. >> susie: you know thanks for that report. i am just wondering from all of the reporting you have done, do you think we are better off with a bad deal than no deal at all? >> you know susie when peopletal they are talking about a bad deal in political terms. frankly it's republicans that are most worried about the bad deal they have most leverage. the president has the most leverage. they are worried about a bad deal. any deal that gets us past the fiscal cliff is going to be seen as a good deal. >> susie:
he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hours and so i am hopeful and optimistic. >> reporter: but the sticking point remains finding something that can make it through the house with enough support from republicans. >> it seems like the 250 threshold that the president proposed previously is unlikely to pass the house in its current form, and so without some sort of...
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Dec 27, 2012
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senators are set to work today on a plan to avoid the so- called "fiscal cliff." but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is gettingismy for an agreement. its employees are writing "col together" on coffee cups in d.c. to try to encourage compromise. >>> hawaii's lieutenant governor brian shots will replace the late democratic senator daniel inouye who died of respiratory complications last week. on the day he died he wrote to the governor asking for a female representative to replace him. she made it to the final round of consideration but did not win the nomination. >>> and former president george h.w. bush is in intensive care at a houston hospital with a fever and cough. mr. bush was admitted to the hospital more than a month ago with a bad case of bronchitis. he was then mov
senators are set to work today on a plan to avoid the so- called "fiscal cliff." but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is gettingismy for an agreement. its employees are writing...
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Jan 1, 2013
01/13
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KRCB
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government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> w
government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary...
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Dec 27, 2012
12/12
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house speaker john boehner says the onus to avoid the fiscal cliff is now on the senate. this is a new poll shows the american people are quickly losing faith that a deal will get struck. imagine that. there is some good economic news in the forecast for 2013, we'll have that for you, and some more good news, a silver lining in a battle against childhood obesity. that report ahead as well when harris faulkner and i see you at the top of the hour. "happening now." gregg: you're full of good news. jon: trying to be, you know. gregg: one good news story after another, jon scott. jon: you got people digging out of a blizzard today, you've got a fiscal cliff coming. we've got to have good news somewhere, gregg. gregg: we'll tune in for your good news. jon scott thank you very much. patti ann: back to the bad news a fierce winter storm leaving travelers stranded and causing a lot of trouble in the northeast after hitting other parts of the country ain't is still not over. the latest on the storm's path. >> people are still driving a little too fast for the conditions. >> you co
house speaker john boehner says the onus to avoid the fiscal cliff is now on the senate. this is a new poll shows the american people are quickly losing faith that a deal will get struck. imagine that. there is some good economic news in the forecast for 2013, we'll have that for you, and some more good news, a silver lining in a battle against childhood obesity. that report ahead as well when harris faulkner and i see you at the top of the hour. "happening now." gregg: you're full of...
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Dec 27, 2012
12/12
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MSNBCW
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the house had two bills that collectively can avert the entire fiscal cliff if enacted. those bills await action by the senate. >> the classic ping pong gridlock and no way out. >> it's important to know how far we have come in the last seven days. a week ago we were closer than we had seen before on a particular deal. john boehner made a big concession allowing tax cuts to rise on income over a million dollars. president obama countered with a big concession and saying that that should be $400,000 and have fixes to social security on costs of living adjustments on that. what ended up happening? john boehner retreated their plan b that mike viquiera was talking about that was unable to pass and now we are in the stalemate we are in now. we were closer than before. >> you touch on a good point. that's lost now in the media. we are going-over the cliff. last week they are $450 billion away from a deal. that's less than 1% of the federal spending over the next decade. in d.c. terms, 400 billion seems like a lot. that's a drop in the bucket in d.c. terms. it's amazing that s
the house had two bills that collectively can avert the entire fiscal cliff if enacted. those bills await action by the senate. >> the classic ping pong gridlock and no way out. >> it's important to know how far we have come in the last seven days. a week ago we were closer than we had seen before on a particular deal. john boehner made a big concession allowing tax cuts to rise on income over a million dollars. president obama countered with a big concession and saying that that...
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Dec 31, 2012
12/12
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WJZ
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government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> we
government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary...
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Dec 29, 2012
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as the fiscal cliff deadline approaches -- >> i cannot believe we got this close. >> the sign of the times reflecting most americans' frustrations. >> sit down, go into a room, and don't come out until you take care of this. >> the fallout with no deal. and every american's tax rates are going up. every american's paychecks will get a lot smaller. >> friday, president obama and congressional leaders met about an hour and agreed to keep talking. >> it is constructive and it is getting done. we will see. >> this eveleaders in the senate are signaling they are ready to compromise. >> i'm hopeful and optimistic. and if there were is no deal the president wants an up or down vote extending tax cuts for those making a quarter million dollars or less. >> i will urge the senate to hold an up or down vote on a basic package to protect the middle class from a tax hike extend vital unemployment insurance for americans looking for a job. >> the impasse has shaken wall street, the dow jones falling 400 points since last week. business people but this man are worried about the future. >> we are de
as the fiscal cliff deadline approaches -- >> i cannot believe we got this close. >> the sign of the times reflecting most americans' frustrations. >> sit down, go into a room, and don't come out until you take care of this. >> the fallout with no deal. and every american's tax rates are going up. every american's paychecks will get a lot smaller. >> friday, president obama and congressional leaders met about an hour and agreed to keep talking. >> it is...
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Jan 1, 2013
01/13
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could go over the fiscal cliff.
could go over the fiscal cliff.
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congress and the white house have less than a week to figure out how to avoid the fiscal cliff. if they don't, our paychecks and the economy could take a hit. find out how it would effect you and your bottom line as "the fox report" rolls along. a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest pro-health for life. so jill can keep living the good life. crest. life opens up when you do. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps
congress and the white house have less than a week to figure out how to avoid the fiscal cliff. if they don't, our paychecks and the economy could take a hit. find out how it would effect you and your bottom line as "the fox report" rolls along. a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined...
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Dec 27, 2012
12/12
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CNNW
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meantime with six days until we go off the fiscal cliff, president obama is cutting his hawaiien family vacation short. flying back to washington tonight. unwhat kind of deal-making possibilities he will find when he gets back. house republican leaders held a conference call but no decision when to call members back nor is it clear what kind of deal, if any, they will have to vote on. a lot of moving pieces and a lot of digging for cnn's dana bash. i understand there were no decisions out of the call. do we have any sense what fellow republicans are telling speaker boehner? how likely are we going to see a vote before going over the cliff? >> it's up in the air. i'm told it is in part why house republicans didn't make a decision whether to bring the house back or when to do it. the ball is really in the senate's court, specifically with senate democrats. that changed big time since a couple of weeks ago. at this point what senate democrats are trying to figure out is whether or not they can find enough republicans to cross party lines for what the president proposed right before he left
meantime with six days until we go off the fiscal cliff, president obama is cutting his hawaiien family vacation short. flying back to washington tonight. unwhat kind of deal-making possibilities he will find when he gets back. house republican leaders held a conference call but no decision when to call members back nor is it clear what kind of deal, if any, they will have to vote on. a lot of moving pieces and a lot of digging for cnn's dana bash. i understand there were no decisions out of...
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Dec 29, 2012
12/12
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. >> congressional leaders left the white house today without a deal to avoid the fiscal cliff. but the leaders and the president are still trying. >> i'm modestly optimistic that an agreement can be achieved. let's make sure that middle class families and the american economy and in fact the world economy isn't adversely impacted because people can't do their jobs. >> reporter: harry reid and mitch mccono agreed to spend the weekend working on a fall back plan that can pass both chambers of congress. >> some people will not like it, but that's where we are. >> reporter: president obama is pushing for a stop gap measure that would at least avoid tax increases on people earning less than $250,000. frustration is growing. a simple stop gap percent is not what men -- measure is not what many in washington hoped for. many blame president obama for the collapse of a bigger deal that would reduce spending and cut the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together. >> house members don't get back here tonight sunday night. >>> pre
. >> congressional leaders left the white house today without a deal to avoid the fiscal cliff. but the leaders and the president are still trying. >> i'm modestly optimistic that an agreement can be achieved. let's make sure that middle class families and the american economy and in fact the world economy isn't adversely impacted because people can't do their jobs. >> reporter: harry reid and mitch mccono agreed to spend the weekend working on a fall back plan that can pass...
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Dec 30, 2012
12/12
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if there's a fiscal cliff deal, you could see the markets rally. and on tuesday john boehner, the 113th congress is sworn in and john boehner is expected to be elected to his second term as house speaker by a vote in the house. we'll see if everyone plays nice in the sandbox and work together to solve the country's problems in 2013. if you're sitting down to breakfast, this bowl of cereal, that milk can get more expensive if a fiscal cliff deal is not reached. that gallon of milk might cost as much as $7. cnn's candy crowley spoke with secretary of agriculture tom vilsack. $7 milk? this is known as the dairy cliff, right? >> yes, it is. we've been so focused on other kinds of cliffs, but, in fact, because there is no farm bill, they revert back to some laws that were enacted in the 1940s. it would cause -- because milk won't be, if you will, propped up, it would cause milk prices too almost double, at least according to the agriculture secretary. they're working on a fix, something like that which hits consumers so hard. they'll notice that immedia
if there's a fiscal cliff deal, you could see the markets rally. and on tuesday john boehner, the 113th congress is sworn in and john boehner is expected to be elected to his second term as house speaker by a vote in the house. we'll see if everyone plays nice in the sandbox and work together to solve the country's problems in 2013. if you're sitting down to breakfast, this bowl of cereal, that milk can get more expensive if a fiscal cliff deal is not reached. that gallon of milk might cost as...
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Dec 27, 2012
12/12
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WBAL
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roping off the fiscal cliff. president obama and congress return, but they will need support from house republicans to pass the deal. is congress any closer to a compromise? >> a small village in the dominican republic has a new school thanks in part to local administrator. i have details, next. >> of baltimore school administrator is making a difference around the globe. >> this is great. she volunteered for a week in dominican republic and helped build a new school their. >> claire donehower is the assistant principal at the kennedy krieger school in baltimore. she took on another role as a volunteer in a mission to the dominican republic. >> i think it was a unique chance to take my love of working with kids and bring it into a completely different area. >> she was one of 40 volunteers chosen to complete the elementary school in a small village. they did everything from building walls with cinderblocks to painting to stuccoing. but her favorite part was interacting with the community. >> it was such a powerful
roping off the fiscal cliff. president obama and congress return, but they will need support from house republicans to pass the deal. is congress any closer to a compromise? >> a small village in the dominican republic has a new school thanks in part to local administrator. i have details, next. >> of baltimore school administrator is making a difference around the globe. >> this is great. she volunteered for a week in dominican republic and helped build a new school their....
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Dec 27, 2012
12/12
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senators will be busy work on a plan to hopefully avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon a new poll finds the gop gets the biggest share of the blame for the big stalemate. >> both sides have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are now writing "come together" on coffee cups sold in its d.c. stores to encourage compromise. hopefully they will get something done. >>> hawaii's lieutenant governor brian maass will brian schotts will take the place of deceased senator daniel inouye. he wanted a woman to replace him, and she made it to the final round of consideration but didn't win the nomination. >>> former president george h.w. bush is in intensive care with fever and cough. he was admitted more than a month ago with bronchitis. he was moved to the icu sunday. a family spokesman says the 88- year-old is alert joking with doctors but had yet
senators will be busy work on a plan to hopefully avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon a new poll finds the gop gets the biggest share of the blame for the big stalemate. >> both sides have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are now writing...
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Dec 28, 2012
12/12
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you're looking live at the white house with less than four days until we hit the so-called fiscal cliff. president obama summoned the house and senate and the meeting just got under way. if they cannot reach a deal, taxes go up on all of us. analyst warning the cutts could be devastates. the impact on all 1k, the dow down 94 points, the fourth or fifth straight day in a row the dow is down. down over 300 points over the past five days. let's get to mike emanuel on capitol hill. how much stock are lawmakers putting in the white house meeting? >> depends who you ask. some republicans expressed concern it may be for show, essentially going to the white house, having a big meeting that everybody's talking about for the appearances that they're doing something. other suggest it's critical because time is running out. >> the window may be ajar but it's not wide open. and unless it closes -- or opens entirely today and there's a deal, it's more likely to close than stay open. in other words, if we don't have a deal in the next 24 hours, the question is where do you buy a parachute. it looks li
you're looking live at the white house with less than four days until we hit the so-called fiscal cliff. president obama summoned the house and senate and the meeting just got under way. if they cannot reach a deal, taxes go up on all of us. analyst warning the cutts could be devastates. the impact on all 1k, the dow down 94 points, the fourth or fifth straight day in a row the dow is down. down over 300 points over the past five days. let's get to mike emanuel on capitol hill. how much stock...
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Dec 27, 2012
12/12
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MSNBCW
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in both houses of congress, if we get through this fiscal cliff and get to january, people will rightfully ask is there a better way to do this? since we seem to have a majority in both chambers that would like to solve the problem, but procedurally we're not getting to an answer. >> soon to be senator tim scott takes the oath next week, the only african-american senator, it highlights an interesting dichotomy. republicans have more minorities in the senate than democrats, while the party itself struggles with minority voters. >> i think you hit the nail on the head. clearly the republicans are having a major problem reaching out not just to people of color, but to women and so forth. i think what the republican party is trying to do is say, you know what? we have to do a better job. tim scott is a conservative from south carolina and also he's a earl if legislator in terms of being in the house of representatives, so it's perfect sense for him to go to the senate. we also see to a certain degree the first latino from texas, ted cruz, coming into the senate as well. so no question the repu
in both houses of congress, if we get through this fiscal cliff and get to january, people will rightfully ask is there a better way to do this? since we seem to have a majority in both chambers that would like to solve the problem, but procedurally we're not getting to an answer. >> soon to be senator tim scott takes the oath next week, the only african-american senator, it highlights an interesting dichotomy. republicans have more minorities in the senate than democrats, while the party...
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Dec 31, 2012
12/12
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go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holman: we're tracking instagram with the hashtag "nye" to see how people around the world are ringing in 2013. tag yours tonight to be a part of our interactive map. on "ask larry," our social security sage offers tips on maximizing benefits for you and your spouse. and from our partners at kaiser health news, what the new health care law says about gun ownership. all that and more is on our web site, newshour.pbs.org. ray? >> suarez: and that's the newshour for tonight. on tuesday, we have an update on the ongoing recovery efforts in the devastating wake of hurricane sandy, plus a conversation with newly elected republican senator deb fisher of nebraska. i'm ray suarez. >> woodruff: and i'm judy
go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holman: we're tracking instagram with the hashtag "nye" to see how people around the world are ringing in 2013. tag yours tonight to be a...
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Dec 31, 2012
12/12
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WETA
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. >> we will keep you up-to-date with the fiscal cliff situation over the next few hours. we showed you athens a few minutes ago and the fireworks displays around the world have been heralding the start of the new year. north korea has joined other countries in having a pyrotechnics display. australia, china and russia are well into 2013. we are tracking the celebrations. >> residents in samoa were among the first to welcome 2013. these to be the last but a year ago, they jumped to the west of the international dateline. the spectacular start to the new year came in sydney harbour, launched by the australian superstar, kiley been no good. -- kylie minogue. 7 tons of fireworks filled the air above sydney harbour bridge. this city's style is rather different. john yang has held what for help -- it's believed to be the first public new year celebration in north korea. burma has joined the global party. ♪ >> the end of the year would not be complete without the viral pop hit, "gangnam style" being performed with great enthusiasm. while hong kong celebrate with a virtuous so
. >> we will keep you up-to-date with the fiscal cliff situation over the next few hours. we showed you athens a few minutes ago and the fireworks displays around the world have been heralding the start of the new year. north korea has joined other countries in having a pyrotechnics display. australia, china and russia are well into 2013. we are tracking the celebrations. >> residents in samoa were among the first to welcome 2013. these to be the last but a year ago, they jumped to...
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Dec 27, 2012
12/12
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KRON
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the house and senate are also returning to work out a deal for the fiscal cliff. back to the bay area we are following this story in walnut creek, a person is dead after an officer involved shooting. jackie sissel is live on the scene. >> i am on the 1400 block of creekside drive. the contra costa sheriff's department also remain out here for a shooting that happened a couple of hours ago. here's video from a earlier this morning. we're being told that the 911 called 21453 creekside drive around three this morning. officers got there and apparently shots were fired. one of the suspects were shot and killed and no injuries and cure it occurred to be walnut creek officers. we spoke of the spokesperson for the walnut creek police department and he spoke of the incident. >> we received a call this morning at 315 and there was screaming in the background. officers arrived shortly thereafter. the transmission at three not scene of shots fired. there was an officer involved shooting and all the officers are ok. there is one suspect deceased and there is no one outstandin
the house and senate are also returning to work out a deal for the fiscal cliff. back to the bay area we are following this story in walnut creek, a person is dead after an officer involved shooting. jackie sissel is live on the scene. >> i am on the 1400 block of creekside drive. the contra costa sheriff's department also remain out here for a shooting that happened a couple of hours ago. here's video from a earlier this morning. we're being told that the 911 called 21453 creekside drive...
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Dec 27, 2012
12/12
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CNBC
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the house has already acted on a bill to avert the fiscal cliff. democrats have no intention of taking up that house bill, which would extend all of the tax cuts into 2013. the approximated says he's not going to do that. plus a senate democrat leader told me there is a possibility of extending tax cuts for those under $250 thoid, but turning off the automatic across the board budget cuts. that will be a temporary measure. and finally, president obama has returned from his vacation in hawaii to try to kick start those talks. but the white house officials tell me there are no signs of progress yet. they have to hope that when members come back to washington on the 27th, that is thursday wblg that both the president, democrats in the senate, republicans in the senate and then both parties in the house can come together on at least a short-term deal. back to you. >> a short-term deal. joining us now is tim stanley, a u.s. historian at oxford university. welcome. >> good morning. >> we've been following this together for the last several months. how do
the house has already acted on a bill to avert the fiscal cliff. democrats have no intention of taking up that house bill, which would extend all of the tax cuts into 2013. the approximated says he's not going to do that. plus a senate democrat leader told me there is a possibility of extending tax cuts for those under $250 thoid, but turning off the automatic across the board budget cuts. that will be a temporary measure. and finally, president obama has returned from his vacation in hawaii to...
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Dec 26, 2012
12/12
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FOXNEWSW
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economists say we could go into another recession if the fiscal cliff is not dealt with. we just learned house republicans convened a conference call with members to say be on 48 hours notice to come back to washington in the next few days to deal with this one way or another. the senate coming back into session tomorrow morning 10:00 a.m. eastern time. the president on this red eye will be flying basically overnight tonight into tomorrow, get there early in the day and maybe convene congressional leaders at some point. interesting that starbucks, the coffee company, is running a row motion in d.c. stores where the they're writing come together on the coffee cup. right now, they're a bit far apart. >> i heard you talk about that 78-degree cold front that swept through the islands. before he headed out, how did the president celebrate christmas? >> yeah, it's been rough. you're right. 78 degrees is probably better than where you are right now, but the bottom line is that hawaii is always beautiful this time and the president started a tradition when he comes out here for c
economists say we could go into another recession if the fiscal cliff is not dealt with. we just learned house republicans convened a conference call with members to say be on 48 hours notice to come back to washington in the next few days to deal with this one way or another. the senate coming back into session tomorrow morning 10:00 a.m. eastern time. the president on this red eye will be flying basically overnight tonight into tomorrow, get there early in the day and maybe convene...
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Jan 1, 2013
01/13
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KQED
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president obama said a deal is in sight to stop america going over the so-called fiscal cliff. congress officials have said the house of representatives will not vote before midnight despite tense negotiations to get an agreement signed before midnight washington time. that will trigger a series of automatic spending cuts and tax hikes and could send the country back into recession. >> of america is staring into the economic unknown. there will be some real damage. there are some people deserving far better and we will be scrambling to find budget reductions in we can understand. >> we are upon the fiscal cliff. will we need to focus on is how we find that common ground. ira by -- i believe republicans and democrats alike want to put us on the course to fiscal discipline. >> we are running at a time. americans are threatened with a tax hike in just few hours. i hope we can keep in mind that our single most important goal is to protect middle-class families. >> democrats and republicans in congress have to get this done but they are not there yet. they are closed but not there y
president obama said a deal is in sight to stop america going over the so-called fiscal cliff. congress officials have said the house of representatives will not vote before midnight despite tense negotiations to get an agreement signed before midnight washington time. that will trigger a series of automatic spending cuts and tax hikes and could send the country back into recession. >> of america is staring into the economic unknown. there will be some real damage. there are some people...
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as the fiscal cliff approaches reuters reports republicans are aiming to vote today in the house on a plan which obama promptly says he would veto meanwhile phish has warned the u.s. could lose its aaa credit rating if washington doesn't get a deal to treat what we call economy now this may all feel like deja vu and maybe it will all turn out fine maybe it won't though where you want to place your bets we'll talk to the daily reckonings eric cry and joe bowman about their choices plus a german study finds paying taxes has a positive impact on a person's subjective well being no word on what the findings would bring in the west but if you are counting on taxation to make you feel like your quality of life is on the up and up state side one talk about some other economic options and the opec of maple syrup has been robbed millions of dollars worth of the hot commodity has been stolen from canada's maple syrup card. hell yes cartel i said mabel syrup cartel and those are not my words that's according to the new york times we'll talk about it in loose change let's get to today's capital a
as the fiscal cliff approaches reuters reports republicans are aiming to vote today in the house on a plan which obama promptly says he would veto meanwhile phish has warned the u.s. could lose its aaa credit rating if washington doesn't get a deal to treat what we call economy now this may all feel like deja vu and maybe it will all turn out fine maybe it won't though where you want to place your bets we'll talk to the daily reckonings eric cry and joe bowman about their choices plus a german...
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putting more pressure on house republicans to either pass the senate compromise on the fiscal cliff or kick the effort down the road to next congress. >>> it is a day of mourning in the ivory coast. and new year's celebration turned tragic early this morning when thousands tried to leave a fireworks show. more than 60 people were killed in the stampede. hundreds of others were injured. police say that most of the victims were children. a witness told reporters security forces showed up and tlig triggered panic. fireworks show was supposed to celebrate peace in the nation. >>> all flights in and out of syria's largest city are canceled tonight after clashes between the military and rebel forces. rebel leaders threatened to target all aircraft. they believed the syrian government is using commercial craft to bring in weapons. fighting intensified today in damascus suburb. syrian military claims to have killed rebels during an air attack there. today the president of the syrian council called on other countries to help in the rebel cause. >> i hope that the community -- exactly what has b
putting more pressure on house republicans to either pass the senate compromise on the fiscal cliff or kick the effort down the road to next congress. >>> it is a day of mourning in the ivory coast. and new year's celebration turned tragic early this morning when thousands tried to leave a fireworks show. more than 60 people were killed in the stampede. hundreds of others were injured. police say that most of the victims were children. a witness told reporters security forces showed up...
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Dec 30, 2012
12/12
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CNNW
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in washington, down to the wire for the fiscal cliff. letsz than 48 hours for washington to make a deal. both houses of congress are meeting today in rare sunday sessions. the senate is convening at 1:00. the house an hour later at 2:00. the earliest we could see a vote is 6:30 p.m. eastern time. you can catch that live coverage of it right here on cnn. >>> to massachusetts now where a
in washington, down to the wire for the fiscal cliff. letsz than 48 hours for washington to make a deal. both houses of congress are meeting today in rare sunday sessions. the senate is convening at 1:00. the house an hour later at 2:00. the earliest we could see a vote is 6:30 p.m. eastern time. you can catch that live coverage of it right here on cnn. >>> to massachusetts now where a
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Dec 24, 2012
12/12
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CNNW
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if we go over the fiscal cliff, suzanne, you've covered the white house. you know the president wouldn't be in hawaii while that happens. >> hopefully you can stay in hawaii, and but you knife to come back with him. we'll see. >> reporter: i think i'd be coming back. >> that's a shame. >>> it's a white christmas for some, and in some places it might be a problem. we're going to check the holiday forecast up next. >>> it's going to be a white and wild christmas in some places. this is stevens pass, washington. a stretch of highway he 2 was impassable because of heavy snow and wind. it caused major detours for holiday travelers. this is san francisco. rough surf and wind-driven rain making for some lousy christmas eve weather thanks to a second storm system hitting northern california causing major flight delays as well. millions, of course, are traveling today. how will the weather impact your travel? we'll bring in alexandre steele in the center. i'm here in d.c. without any holiday mess, but the mess is on its way, huh? >> it's coming right to the west of
if we go over the fiscal cliff, suzanne, you've covered the white house. you know the president wouldn't be in hawaii while that happens. >> hopefully you can stay in hawaii, and but you knife to come back with him. we'll see. >> reporter: i think i'd be coming back. >> that's a shame. >>> it's a white christmas for some, and in some places it might be a problem. we're going to check the holiday forecast up next. >>> it's going to be a white and wild...
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Dec 31, 2012
12/12
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LINKTV
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if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes. >> in the upper house, the senate, sunday the leadership of both parties is putting together a watered-down deal to assure that taxed on americans making less than $200,000 per year don't go up. the president expressed both sides will have to accept compromise. >> there is a basic fairness at stake in this whole thing that the american people understand and they listened to an entire year's debate about it. they made a clear decision about the approach they prefer, which say balanced, responsible package. they rejected the notion that the economy grows best from the top down. they believe the economy grows best from the middle class out and at a certain point, you know, it is very important for republicans in congress to be willing to say we understand we're not going to get 100%, we are willing to compromise. >> if a deal can get through the democratically controlled senate it will put pressure on the republican-cro -- controlled house to vote it through
if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes. >> in the upper house, the senate, sunday the leadership of both parties is putting together a watered-down deal to assure that taxed on americans making less than $200,000 per year don't go up. the president expressed both sides will have to accept compromise. >> there is a basic fairness at stake in this whole thing that the american people understand and they listened to an...
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Dec 27, 2012
12/12
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CNNW
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he had to come back, had to be in washington in time to deal with the looming fiscal cliff just five days away. jessica yellen waiting for him at the white house. great to see you. what can the president do at this point, i guess, is the big question. and are aids still hopeful for a deal before january 1st? >> taking your second question first, hopefully, yes. confident, i would say that's going too far. at the white house they are frowning about what they consider recalls trance on willing to compromise. what can the president do, he can con joel all sides closer to some sort of agreement. from the democrats perspective what they think needs to be done is to get senate leader mcconnell to agree not to filibuster any action in the senate and then get speaker boehner to agree to put a bill forward on the house floor for a vote. if those two pieces happen, then they feel like there could be something done before new year's. so it's sort of con joeling mitch mcconnell to agree to those actions on those parts. if the president can get that done, we don't have much time left for the rest
he had to come back, had to be in washington in time to deal with the looming fiscal cliff just five days away. jessica yellen waiting for him at the white house. great to see you. what can the president do at this point, i guess, is the big question. and are aids still hopeful for a deal before january 1st? >> taking your second question first, hopefully, yes. confident, i would say that's going too far. at the white house they are frowning about what they consider recalls trance on...
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Dec 27, 2012
12/12
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the house passed legislation to avoid the fiscal cliff. senate democrats have not. if the president and lawmakers cannot reach a deal in the next five days, automatic tax hikes and major spending cuts are set to kick in and economists warn that could trigger another recession. what else are we hearing from democrats on the hill? >> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican support, i can tell you what would pass. if asked if he was optimistic, he said he was neither optimistic or pessimistic but was going back to talk to the president. the senate majority leader sounded frustrated with house republican leadership. >> american people i don't think understand the house of representatives is operating out the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >>
the house passed legislation to avoid the fiscal cliff. senate democrats have not. if the president and lawmakers cannot reach a deal in the next five days, automatic tax hikes and major spending cuts are set to kick in and economists warn that could trigger another recession. what else are we hearing from democrats on the hill? >> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked...
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Dec 26, 2012
12/12
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KPIX
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ye're now one week away from the so-called fiscal cliff. heven days for the white house and congressional leaders to reach a budget deal to avoid tax increases for nearly every american. president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat, is working on crafting legislation on his own that he would essentially dare house and senate republicans to oppose. his legislation would likely extend the bush-era tax cuts for households making less than 250,000 a year. it might also include enough short-term spending cuts to temporarily offset for, say, six or eight months, the indiscriminate across-the-board spending cuts that are set to go into effect on january 1. yis bill would also try to tie up some year-end loose ends by extending long-term unemployment benefits, patching the alternative minimum
ye're now one week away from the so-called fiscal cliff. heven days for the white house and congressional leaders to reach a budget deal to avoid tax increases for nearly every american. president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat,...
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Dec 27, 2012
12/12
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he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise isn't be reached by next week on those big, unanswered issues. with both sides locked in a standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts on incomes below $250,000, prolong unemployment benefits and delay those sweeping spending cuts. while many republicans oppose new taxes for anyone, senator kay bailey hutchison says she's looking for compromise, alluding to house speaker john boehner's plan "b" that was met with stiff opposition from his own party. >> i think $250,000 is too low a threshold. a lot of working people who are couples would exceed that, and i don't think we need that kind of shock to the system. however, i've talked to some of my democratic colleagues, and they are saying maybe in the $400,000 or $500,000 category we could set a benchmark. i do think it is essential that we start talking about what amount can be passed on a bipartisan basis, because you know, i'm one
he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise isn't be reached by next week on those big, unanswered issues. with both sides locked in a standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts on incomes below $250,000, prolong unemployment benefits and delay those sweeping spending cuts. while many republicans oppose new taxes for anyone, senator...
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Dec 27, 2012
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cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the power to come together and make a difference in every season of the year." the president and speaker john boehner have not spoken in n
cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight...